We don’t really know if those who sell care about BTC. We can merely speculate.
Certainly the EU VAT decision is another positive for BTC so that could be related, but people who sell MAID for BTC could be going anywhere.

But aside from that I am surprised that buyers almost immediately bid the price up after such large transactions. Aggressive trading!

it is because some people are using the margin trading ability to short, and realized that there are not enough people holding MAID that are actively trade to dump after the initial dump… hence he had to cover his short position before someone else screwed him

if you have some spare change ( at least 25k - 50k) and want to have a little fun, there are currently about 1.3M MAID available for lending.

Watch this number and if it falls by 50% AND the price falls… start buying up MAID. you only need 70 BTC to bring it up 100% right now. it is possible that there might be stop loss sells on the way up but i doubt there would be that many.

you could trigger short sellers to liquidate their positions and forcing them to buy up MAID at 2X their price they dumped at.

In my village 10 BTC is a lot and the chart is looking bad right now (they “helped” with that, but still).
We can assume to know how many MAID he has or can borrow, but we don’t. He could have millions of MAID.
To me the chances of price recovery seem 50/50, so knowing his firepower I’ll take it easy for a week or so to see how the recent crash resolves.

what are you seeing now is accumulation. It is a great time to play with maid price because there is only one market and it can be easy manipulated with app 50 btc. How do i know that, because i was doing the same thing , this time i used him to get another 50k from range of 5300-5100 sat. The rise of btc and price fall on masterxchange made a perfect entry zone

Maybe, but maybe he could push it down to below 4000, we know he can easily drop 100 BTC worth of orders any time.
We’ll see in 10 days (I don’t think this range 5500-6500 will hold for more than 10 days, it’s either going to go up or down).

think about the volume though, if 8 million produced 30 million of economic activity then that means 30 million is the market cap. So the price per unit doesnt necessarily mean the market cap.

Technically sure market cap is 7 million etc, consider that the actual sale price of maidsafecoin was lower because some much of it was in mastercoin, so also technically the price of 2 cents is also too high if we’d compare to the sale at the crowdsale;

So many coins were also bought and sold at 6 cents and created exchange churn, if totaled is well above 8m

It’s not. But BTC is cheaper.
Edit: Yesterday when I wondered about this myself, at 6000 sats MAID was worthier than at IPO, but right now it is not. At 5500 sats you can get slightly over 18,000 MAID for 1 BTC, whereas at IPO you could get less for 1 BTC - 17,500.

dallyshalla:

if 8 million produced 30 million of economic activity then that means 30 million is the market cap.

You must have watched the recent ECB press conference!
Remember, everything they say there is a big lie!

MAID is sliding on the lack of positive news and I think the slide will likely continue until alpha version is out. ProphetX said the alleged short seller is exposed but the current lack of buy orders is equally pronounced. Now it takes just 30 BTC to push the price to 4xxx.

when we start farming, and they are consumed a fresh supply will always be on the exchange, and a fresh supply will be consistently bought the price will move because sudden lacks of supply and also sudden lacks of consistent purchase.

buying and putting data, = loss of tradable coins
farming and aggregating to the exchange, = gain of tradable coins

as long as they are close the the same the price can stay the same, if one day no one decided to sell, and the same buys came into the exchange, then the price goes up… right now mostly everyday people feel like selling so the price goes down, if people were buying and putting data, and making the coins not exist in anyone’s hands anymore until farmed, then the price will then rise;

but if there is a 1:1 of sells to buys then the price doesnt need to move anywhere.
That’s unlikely;

Right now there is only one place to use maidsafecoins - the exchange, and there are only 3 activities, hold, sell maids, buy maids (requires bitcoins)

so if you dont have bitcoins but you have maidsfecoins and log into the exchange the only activity available is sell or hold… so… its more likely people are going to hit sell; that isn’t to say that there is still some buy going on since some people do have bitcoins.

There’s too many assumptions - when I try to think of these things and give an order of magnitude leeway to the value of each variable, my head hurts.
Truth is, none of us can predict next week’s price of oil or a mature cryptocurrency such as BTC.
I am not saying any of things you mention are wrong, but they’re extremely difficult to predict.

By the way, the dumping whale is at it again, just dropped 30 or so BTC in one go. That guy is fearless. He’s now 10 BTC from pushing the price to 4xxx area.